Chennai, the capital city of Tamil Nadu, attracts thousands of people due to its booming IT industry. An automobile hub nicknamed the Detroit of the East, Chennai is also known as the cinema capital of South India and is acclaimed for its innate passion for music and the fine arts.
While towering gopurams of colorful temples are a way to solicit divine intervention, the city’s undying love for Chennai Super Kings is sure to reiterate the true sense of devotion. From dishing out dainty delicacies to revelling in the vast views of the Bay of Bengal, the city of Chennai has charmed its inhabitants and continues to lure more.
Despite the global pandemic, Chennai has witnessed a steady growth in real estate. This can be easily attributed to an urge to own a home and a lower home loan interest rate. The city of Chennai houses a vibrant economy creating abundant job opportunities and thereby leading to a vast residential development in the city. Since the city epitomises an amalgamation of modern technology and rich cultural heritage, it is a favourable investment opportunity for homebuyers to buy a flat in Chennai.
Read on to know where you must invest in your perfect home in the city of Chennai.
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Growth Destinations In Chennai
Chennai is home to over 11 million people, as of 2021 and is the fifth richest city in the country. With the automobile industry contributing significantly to the city’s GDP, the economy is seeing corresponding growth. This also suggests that property prices will witness a stable rise and will continue to appreciate for many years to come. Even during the pandemic, there was a 92% rise in new project launches as compared to the previous year and sales reached the 50% mark as that of the pre-COVID-19 era. Hence, investing in your own home is a wise decision, but what are the emerging hotspots?
Residential Hotspots In West Chennai
There are quite a few options that are ideal for investment. Each of these localities offers a host of social amenities. Here, we’ve listed out the localities that have the highest appreciation:
Mount Poonamallee High Road And Pallavaram-Thoraipakkam Road
With IT and ITES sectors lining this part of the city, the locality is designed to house-wide, well-developed social infrastructure. The presence of tech parks is a great opportunity for those seeking a job and IT professionals to find apartments closer to work. Industrial hubs such as Ambattur and Avadi are just a stone’s throw away making it a clear winner for investors and end-users.
Areas close to Old Mahabalipuram Road (OMR) and GST Road are also seeing a rise in demand for commercial and residential spaces. The strong IT development and good connectivity will continue to rope in investments for years to come.
Where To Buy Apartments In West Chennai
The influx of people for its IT and financial services has made Chennai one of the most sought-after cities. West Chennai and South Chennai are amongst the top destinations for residential property. While Gudavanchery and Pallikarnai in the south are preferred locales, the west seems to be a hot favourite amongst home buyers. Places like Ambattur, Oragadam, and Mount Poonamallee, and Senneerkuppam are seeing an increase in demand for residential opportunities.
Although set away from the hustle and bustle of the city, this serene locale offers brilliant connectivity to some of the city’s finest educational institutions, SEZs and IT parks, reputed hospitals, and much more. Senneerkuppam is one of the few localities in Chennai that has a steady water table, which is one of the main criteria that a home buyer would consider, given that the city has faced acute water crisis in the past. All of these contribute towards the appreciative value of properties here.
Excellent Investment Opportunity At SOBHA ARBOR
Nestled in Senneerkuppam, and strategically located off Chennai-Bengaluru Highway, SOBHA Arbor has easy access to Mount Poonamallee High Road. The project is seamlessly connected to everything that would accentuate a luxurious lifestyle. The 3.38-acre project has been designed around the theme of sustainable living.
The organic farm within the premises allows for the community to grow their own produce. Modern landscaping technique is used to cover the exteriors with native trees and lush greenery to mimic a rainforest. A microenvironment has been created to aid residents in leading a tranquil life that is away from the cacophony of the city. The project is a short drive from Chennai Airport.
The locale boasts of renowned hospitals like Be Well Hospitals, Prestige Medical Centre, DRR Eye Care & Ocuplasty, Vasan Eye Care Hospital, and much more. The project is close to sought-after educational institutions such as Vagisha Vidhyalaya, Aadhithya International Public School, Narayana E Techno School, Narayana Olympiad School, St Joseph Nursery, and Primary School.
Shopping Centres like Ampa Skywalk, Tirumalai Foto Mall, VR Mall, Chandra Metro Mall, Ten Square Mall, The Forum Vijaya Mall are peppered around Senneerkuppam.
LIFE AT SOBHA ARBOR
Themed around eco-friendly and sustainable living, these 163 luxury apartments are ideal for those who are actively looking to live in pollution-free spaces. The core proposition of the project is to create an ecosystem where humans and nature coexist harmoniously. With scientific waste segregation, electric charging points, LED lights, and solar panels, SOBHA Arbor is crafted to make sustainability a priority while providing the finest luxury.
EMPOWERING ORGANIC LIVING
SOBHA Arbor intends to create an experience of an environment-friendly lifestyle. It is designed to nurture and sustain every form of life that thrives in it. From an organic farm to solar-powered outdoor fittings with motion sensor pathways, the property raises the bar in conservation.
The project intends to propagate a healthier lifestyle and hence is equipped with a wellness habitat by providing outdoor gym facilities, adventure parks, etc. Rainwater harvesting and effective waste management systems are some of the sustainable approaches adopted at SOBHA Arbor.
NOTABLE AMENITIES AT SOBHA ARBOR
The amenities at SOBHA Arbor are thoughtfully designed to provide a wholesome, healthy lifestyle. These meticulously designed facilities cater to the needs of people across all walks of life. From embracing the glorious 7500 sq. ft. recreation arena to a wellness habitat, you can find a multitude of features to hone your skills while discovering newer ones.
SOBHA Arbor has state-of-the-art amenities such as a reflexology park, arboretum, Alfresco deck, herb garden, orchard grove, and much more. The children’s park is created to make them forget all about technology while embracing the real joy of the outdoors.
SOBHA DEVELOPERS – PIONEERING BACKWARD INTEGRATION
For 25 years, SOBHA Limited has made a mark as one of the most trusted real estate players in India. The company introduced the concept of backward integration intending to deliver superior quality products to all customers. This is not only SOBHA’s key competitive strength but also an elemental differentiator.
The company’s backward integration model brings together all the key competencies and in-house resources across departments – equipping it to independently conceptualise, implement, and complete a project on time. This ensures that the dependency on sourcing resources is reduced, while keeping a thorough check on the quality. SOBHA also has an interiors division with one of India’s largest woodworking factories, a metal works & glazing factory, and a concrete products factory.
Spread across 55,000 sqm, all SOBHA’s factories include state-of-the-art facilities and are furnished with the latest automated machinery that aids in manufacturing products with the desired finesse, durability, and precision. Additionally, the factories provide these premium quality materials to some of the largest real estate players in India, thereby making them self-sufficient, and revenue-generating entities for the company.
SOBHA Arbor – a residential enclave set amidst plenty of open spaces and away from the chaos of city life is perfect for environmental enthusiasts. With brilliant architecture, a multitude of amenities, and ample greenery, these residences are ideal for those looking for a sustainable yet luxurious and peaceful lifestyle.